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In reply to the discussion: The Difference between a 23YO American in 1980, and a 23YO American in 2025 [View all]slightlv
(6,204 posts)84. I thought I was doing good when I managed to pick up
an office job at 16k a year when I was in my early 20's. But as a single mom with very little child support (150$/mo), it didn't go far when the Montessori school was $180/mo! LOL I was living in San Antonio in what is now known as the NE side of town, around Nacogdoches Ave. Rents were high, for the time... but you could walk into an HEB and get tortillas and cans of refried beans pretty damned cheap. Also helped that four different apartments of us in the same boat pooled money and held communal dinners so everyone was always fed.
It was when Reagan got into office it all started going downhill for us fast. You hit the nail on the head, Max, when you wrote:
...America began to no longer value labor, we valued wealth
It's even put right out there in our tax code! UNEARNED Income is taxed lower than EARNED Income. Passive income of any and all types should be taxed higher than the money made by the sweat of your brow or your knowledge, skill, and training towards specialized subject areas. Labor has been disrespected for way too long in this country, and we put up with it. But it hit the golden age with Reagan. All anyone had to say was "X" was going to be "deregulated" and we knew immediately prices would be going up again.
"Trickle Down" policies, deregulation, and greedflation have been hitting us over the head for decades. The entire tax code needs to be scrapped at the first opportunity and rewritten to more closely resemble what it was in the 50's and 60's... take back the code to the Progressive scales, instead of the Regressive one we have now.
I say, I'll be satisfied with my pre 1980's salary (via SS) that I'm trying to live on right now, if all these vendors, companies, and corporations drop their prices on everything they sell to their pre-1980's prices.
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The Difference between a 23YO American in 1980, and a 23YO American in 2025 [View all]
maxrandb
Jul 25
OP
I can corroborate that grocery store cashiers in Ohio back then made good money.
Diamond_Dog
Jul 25
#102
What happened to this country was the Reagan and Republican embrace of Milton Friedman's economic theories.
Lonestarblue
Jul 25
#9
Other countries got nice things in the last 45 years. We got Rush Limbaugh, Fox News and Donald Trump.
Initech
Jul 25
#94
My first "real" job. I was 19 (1961) and it was a job with the N.J. Workmen's Comp bureau. $45 per week.
3Hotdogs
Jul 25
#22
That has been a standard feature of WalMart's business model for many years now from what I have read in the
KPN
Jul 25
#44
Inflation was 12.5% in 1980. Economic contraction was already underway -- decline in gross national income and jobs.
KPN
Jul 25
#52
The right wing in Ohio went nuts when the legislature considered a $15.00 an hour minimum wage a while ago, while....
FadedMullet
Jul 26
#115
This helps to understand the rise of conspiracy theories and widespread corruption.
SleeplessinSoCal
Jul 25
#82
they keep rebranding tinkle down + still is claptrap. even in my teens when reagan ran on it it sounded stoopid.
pansypoo53219
Jul 25
#93
Did you work for a relative? I grew up in Ohio, and no one I knew made that much money.
phxjurist
Jul 25
#101
I find it really hard to believe that you made $12.60 an hour working as a grocery stock clerk in 1980
Jack Valentino
Jul 25
#106
That's a union job. I was making $3.50 an hour in Arkansas working construction non-union Weyerheauser contractor.
rickyhall
Jul 25
#107
$2.35 as a library assistant in 1978, and $13 on my first co-op term in 1982.
lostnfound
Jul 26
#112